Investors focused on the Transportation space have likely heard of Navios Maritime Partners (NMM), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question.
Navios Maritime Partners is one of 150 individual stocks in the Transportation sector. Collectively, these companies sit at #1 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. NMM is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for NMM's full-year earnings has moved 1.18% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, NMM has gained about 18.91% so far this year. Meanwhile, stocks in the Transportation group have gained about 10.40% on average. This means that Navios Maritime Partners is outperforming the sector as a whole this year.
Looking more specifically, NMM belongs to the Transportation - Shipping industry, which includes 47 individual stocks and currently sits at #97 in the Zacks Industry Rank. On average, stocks in this group have gained 7.03% this year, meaning that NMM is performing better in terms of year-to-date returns.
NMM will likely be looking to continue its solid performance, so investors interested in Transportation stocks should continue to pay close attention to the company.
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Zacks Investment Research